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that dials back the entirety of the fiscal cliff i think there will be a fiscal cliff let's if you call that basically i think that we're going to see the payroll taxes they're going to go away the payroll tax reduction and in all probability we'll also see increased taxes that are associated with the health care reform bill that are. scheduled to go forward so those two which are you know somewhat smaller in terms of the fiscal cliff i think those will have been and so i think there will be some impact on the economy mark of the last word in the program go ahead i guarantee you i carried to the last word as i guarantee you whatever happens it won't be pretty it'll go down to the last minute they'll be all kinds of severe allegations thrown back and forth december twenty second december twenty third you're trying to take away our christmas it'll happen all right i meant on that note thank you very much gentlemen many thanks to my guest the deed in new york and in washington thanks to our viewers for watching us here are to see you next time and remember crosstalk. the book you can see.
that dials back the entirety of the fiscal cliff i think there will be a fiscal cliff let's if you call that basically i think that we're going to see the payroll taxes they're going to go away the payroll tax reduction and in all probability we'll also see increased taxes that are associated with the health care reform bill that are. scheduled to go forward so those two which are you know somewhat smaller in terms of the fiscal cliff i think those will have been and so i think there will be...
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Nov 10, 2012
11/12
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you look at the fiscal cliff. that is $7 trillion in ten years with no thought, no nuance, no kind of strategy about what's the best for america. >> it's a sledgehammer. >> it's a big, dull hatchet when we need a sexual pep a a bunch of surgeons. that's the problem here. they need -- going off the fiscal cliff, and it is popular now to say maybe we should go off for a while -- >> that is gaining popularity. stephen moore, you and david have really spent a lot of time on this. your approaches to this are a little more certain. a lot more surgical. isn't that problem though, stephen? as david said, went around the country and talked to people. i found the same thing when i was on the cnn express on that bus trip. people understand what this means. they understand that we have to cut back on our spending. they are concerned about the lack of sophistication with which washington is handling this. >> yeah, but when? look, i get so sick of it. everybody says we have to cut spending. even my good friend david walker who
you look at the fiscal cliff. that is $7 trillion in ten years with no thought, no nuance, no kind of strategy about what's the best for america. >> it's a sledgehammer. >> it's a big, dull hatchet when we need a sexual pep a a bunch of surgeons. that's the problem here. they need -- going off the fiscal cliff, and it is popular now to say maybe we should go off for a while -- >> that is gaining popularity. stephen moore, you and david have really spent a lot of time on this....
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of the stakes showdown over the so-called fiscal cliff all of that goes back to the looming fiscal cliff seven hundred billion dollars in tax hikes and spending cuts. ok it's still a month and a half away and i already have fiscal cliff so we're having a contest to rename the fiscal cliff the winner will get i don't know a shout out bragging rights and maybe i'll even start using your term instead of fiscal cliff on the show so go to our facebook page facebook dot com slash capital account will put somewhere for you to weigh in and i want your best renaming for the fiscal cliff now one of our shows this week and cited a debate over whether the government spending and debt can be compared to households and ten said when you send a check to the utility company they cash it how about your mortgage same thing not for governments or especially the u.s. if it is a foreign bank or government they really cash it in most of what the u.s. owes is to itself held by the federal reserve it is quite possible for the government to shut down the fed and start up a new one or change the rules a family wi
of the stakes showdown over the so-called fiscal cliff all of that goes back to the looming fiscal cliff seven hundred billion dollars in tax hikes and spending cuts. ok it's still a month and a half away and i already have fiscal cliff so we're having a contest to rename the fiscal cliff the winner will get i don't know a shout out bragging rights and maybe i'll even start using your term instead of fiscal cliff on the show so go to our facebook page facebook dot com slash capital account will...
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we go off the fiscal cliff or not. no it doesn't it's just a little more pain now or a whole bunch more later this fiscal cliff they're talking about it's like it just appeared there in front of us and the whole thing is that this trap was set back in between two thousand and one and two thousand and three when we had we started the war on terror the war on afghanistan the war in iraq. and so we increased deficit spending then we bush we did the bush tax cuts which borrows prosperity out of the future you're going to cut taxes so there's less revenues and that increases deficit spending there's less revenues coming in you're still doing the same levels of spending then we increased the levels of spending when we passed medicare part d. all these things together add up to what is happening today these choices that they are left with and one of the big problems here it's the total size of government the choice they will make is the choice to try and do a short term remedy and make next year a little bit easier by and not
we go off the fiscal cliff or not. no it doesn't it's just a little more pain now or a whole bunch more later this fiscal cliff they're talking about it's like it just appeared there in front of us and the whole thing is that this trap was set back in between two thousand and one and two thousand and three when we had we started the war on terror the war on afghanistan the war in iraq. and so we increased deficit spending then we bush we did the bush tax cuts which borrows prosperity out of the...
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Nov 27, 2012
11/12
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who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind of posturing this week. we're still 30 days out or so. they don't really have to cut a deal yet. they have to look like they're fighting for what they want to fight for, yet please the constituents. they're probably going to put that off for a couple weeks. >> it's the other way around. washington should be paying attention to the consumer and realize how much is the stake here. when you look at the consumer confidence levels able to hold up. when you look at the retail sales numbers pensimentioned by and the idea we've stabilized when it comes to capital spending,
who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind...
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Nov 14, 2012
11/12
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threat of the fiscal cliff. we will get through this. then again, the next opportunity for investors will be next year. the credit agencies are waiting in the wings to potentially downgrade u.s. debt. we think that will help get politicians focused on a credible multi-year deficit reduction plan. if we can get that, then you have the potential for equities to do even better because potentially you getprice earnings and multiple expansion. >> susie: very reassuring and encouraging. jeff applegate from morgan stanley, smith barney ne. barney. >> reporter: steven sinofsky led the development of the two latest versions of microsoft's most important product, helping revamp the windows division after the troubled release of windows vista. it's work that helped put him in line possibly for the c.e.o.'s office. but instead, sinofsky is out and steve ballmer remains the c.e.o. >> the more broad implication is, windows 8 was just released. this is a product that is supposed to change the future of microsoft, change its fo
threat of the fiscal cliff. we will get through this. then again, the next opportunity for investors will be next year. the credit agencies are waiting in the wings to potentially downgrade u.s. debt. we think that will help get politicians focused on a credible multi-year deficit reduction plan. if we can get that, then you have the potential for equities to do even better because potentially you getprice earnings and multiple expansion. >> susie: very reassuring and encouraging. jeff...
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republicans i think do worse off the fiscal cliff than the democrats neither side wants it but the fiscal cliff happens if we get rid of the bush tax cuts it will be bad for the economy i don't dispute any of that what i think it allows republicans to do is to get out of their pledge they have made a tax pledge to people like grover norquist saying they would never raise taxes but the fiscal cliff does it automatically raises taxes then they can cut them in some way in between the current status and the fiscal cliff and they will never have broken their pledge ok what sounds very reasonable and to be where you come in and that's very really the jump in there for a second well there's one thing worth more to say. if i can jump in there for a second. i have to i have to agree with mark on one point i love to hear what anthony has to say about this i think it's completely irresponsible honestly we have this brinkmanship i remember exactly when it happened and you know one of the reasons in fact the u.s. government had a downgrade on its debt was because of the irresponsibility of the sort of
republicans i think do worse off the fiscal cliff than the democrats neither side wants it but the fiscal cliff happens if we get rid of the bush tax cuts it will be bad for the economy i don't dispute any of that what i think it allows republicans to do is to get out of their pledge they have made a tax pledge to people like grover norquist saying they would never raise taxes but the fiscal cliff does it automatically raises taxes then they can cut them in some way in between the current...
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Nov 10, 2012
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until congress and the president reach consensus on the fiscal cliff. he says today's buyers were mostly institutional investors. >> you're going to see the bulk of volume just sit it out. because that has been what's worked in the past. if you have a position already it's probably a longer range view in which case no reason to mess around with it in the intermediary push pull. >> reporter: greco says the cliff isn't the market's only challenge. there's still europe's debt crisis and here at home. a long way to go on both the job and housing recoveries. put it all together and we could have the makings of a cheerless holiday season here on wall street. ruben ramirez, "n.b.r.," new york. >> tom: still ahead, tonight's market monitor is watching the fiscal cliff, but thinks the economy and the stock market will continue gaining strength. russell investment's erik ristuben joins us. >> tom: next friday's meeting at the white house over the fiscal cliff comes as credit rating agency standard and poors put the odds of going over the cliff at 15%. beth ann bo
until congress and the president reach consensus on the fiscal cliff. he says today's buyers were mostly institutional investors. >> you're going to see the bulk of volume just sit it out. because that has been what's worked in the past. if you have a position already it's probably a longer range view in which case no reason to mess around with it in the intermediary push pull. >> reporter: greco says the cliff isn't the market's only challenge. there's still europe's debt crisis...
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Nov 29, 2012
11/12
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will the fiscal cliff impact the mustang ranch? >> well, if folks run out of money and jobs, i suppose it could. >> gillman is a republican who is looking to nevada's powerful democrat, harry reid, to keep that from happening. >> do you like harry reid? >> harry reid and i have been friends for 30 years. harry and i both share a vision and a love for the state of nevada. >> susan austin says even here the cliff will hurt. >> anything that happens in washington affects everybody in the united states. it's going to trickle down to me sooner or later. it's definitely going to hurt me in the end. >> now, the ranch owner says political leaders need to realize money is on the sidelines until confidence returns. as for susan austin, you can see her entire interview on the blog funnybusiness.cnbc.com. back to you. >> thanks so much. we'll be watching that. jane wells. >>> two more companies announcing special dividends tonight. here's a quick market flash. >> that's right. national beverage confirming its board has decided to distribute a
will the fiscal cliff impact the mustang ranch? >> well, if folks run out of money and jobs, i suppose it could. >> gillman is a republican who is looking to nevada's powerful democrat, harry reid, to keep that from happening. >> do you like harry reid? >> harry reid and i have been friends for 30 years. harry and i both share a vision and a love for the state of nevada. >> susan austin says even here the cliff will hurt. >> anything that happens in...
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Nov 11, 2012
11/12
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you look at the fiscal cliff. that's 7 trillion in ten years with no thought, no nuance, no kind of strategy about what's the best for america -- >> it's a sledgehammer. >> instead of a big dull hatchet, we need a scalpel with a bunch of surgeons. and congress is sitting there with saying they're going to get there. and that's bad. >> your solution is a lot more surgical. as david said, he went around the country and talked to people, and i found the same thing when i was on the cnn express on that bus trip, people understand what this means. they understand that we have to cut back on our spending but they are concerned about the lack of sophistication with which washington is handling this. >> yeah, but when? i get so sick of this. everybody says we have to cut spending. even my good friend dad walker who i have so much respect for. david, when are we going to cut the spending? the answer always seems to be we'll do it next year or the year after that. it's not such a bad thing if we start now. i'm not so oppose
you look at the fiscal cliff. that's 7 trillion in ten years with no thought, no nuance, no kind of strategy about what's the best for america -- >> it's a sledgehammer. >> instead of a big dull hatchet, we need a scalpel with a bunch of surgeons. and congress is sitting there with saying they're going to get there. and that's bad. >> your solution is a lot more surgical. as david said, he went around the country and talked to people, and i found the same thing when i was on...
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Nov 6, 2012
11/12
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you still have the fiscal cliff coming up. you still have to get clarity on health care, on taxes, on regulations. are we going to get it? we're going to need the senate and the congress at the same time. but companies aren't going to hire until we get clarity on those four issues. so emotionally, people would think, well, if mitt becomes president, maybe we'll get clarity. if president obama stays in office, well, then, we'll have gridlock for the next four years so don't move your money. >> paul, how do you see it? how do you want to invest knowing what we know today? >> i think tomorrow's a telling reaction. if we're looking in the short term, i think the move we have tomorrow and on thursday probably continues through the next week or two. i do believe that i'll be counter to most in our field. i think if romney wins, and i've got my red elephant tie on, but i think if romney wins, we're going to see a 2% to 5% selloff by thanksgiving. i think if president obama's re-elected, we're going to have a much stronger rally in th
you still have the fiscal cliff coming up. you still have to get clarity on health care, on taxes, on regulations. are we going to get it? we're going to need the senate and the congress at the same time. but companies aren't going to hire until we get clarity on those four issues. so emotionally, people would think, well, if mitt becomes president, maybe we'll get clarity. if president obama stays in office, well, then, we'll have gridlock for the next four years so don't move your money....
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Nov 20, 2012
11/12
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coming up, getting hit hardest from the fiscal cliff. we are teasing the rest of the fiscal cliff. the democrats think they have the edge in talks over the fiscal cliff. is that the case? a political panel is weighing in coming out. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announc ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. gerri: the notorious gridlock escalating with neither side budging over the fiscal cliff. >> we put revenue on the table. significant spending cuts. >> you can't get more options. gerri: a one-two punch, at the end of the year. will washington ever get its act together and what is at stake? bringing in our
coming up, getting hit hardest from the fiscal cliff. we are teasing the rest of the fiscal cliff. the democrats think they have the edge in talks over the fiscal cliff. is that the case? a political panel is weighing in coming out. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent...
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Nov 20, 2012
11/12
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worst case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which according to cbo and to our own analysis would throw the economy into recession, i don't think the fed has the tools to offset that. that's why it is important for congress to address these fiscal issues soon. >> boom. that's where it was. you got that immediate market reaction. you were there. there was a reaction at the crowd too. >> everybody has agreed that was the one thing he said that was probably new information and market moving. and you saw the market move from down 17 on the dow to down 70 on the dow industrials pchl. >> just like that. how worried should investors be? let's find out on today's "closing bell" exchange. steve, are we making too much of this? you know, we know what kind of tools they have available. we know that monetary policy is often at odds with fiscal policy, right? >> with due respect, bill and maria, i think you are making too much of it. he said it before. i don't think there's been any expectation that given the size of the gdp hit that would come fr
worst case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which according to cbo and to our own analysis would throw the economy into recession, i don't think the fed has the tools to offset that. that's why it is important for congress to address these fiscal issues soon. >> boom. that's where it was. you got that immediate market reaction. you were there. there was a reaction at the crowd too. >> everybody has agreed that was the one thing he...
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Nov 30, 2012
11/12
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the fiscal cliff. we discuss where the talks stand with a top democrat, senator kent conrad of north dakota. and the glitter of silver-- it's up over 20% this year. we go digging for the outlook on precious metals for the year ahead. that and more tonight on nbr! the path away from the fiscal cliff is neither straight nor smooth. talks hit a snag today as both republicans and democrats traded verbal fire over who goes first. republicans said they'd offered up new tax revenues, but have heard nothing from democrats about spending cuts. democrats said republicans were dragging their feet. we begin with darren gersh reporting even a visit by treasury secretary timothy geithner did little to change the mood on capitol hill. >> reporter: house speaker john boehner emerged from his sit- down with the president's negotiating team to declare he was disappointed. two weeks after the election, the speaker said democrats have yet to show what he called "adult leadership." >> right now, all eyes are on the white h
the fiscal cliff. we discuss where the talks stand with a top democrat, senator kent conrad of north dakota. and the glitter of silver-- it's up over 20% this year. we go digging for the outlook on precious metals for the year ahead. that and more tonight on nbr! the path away from the fiscal cliff is neither straight nor smooth. talks hit a snag today as both republicans and democrats traded verbal fire over who goes first. republicans said they'd offered up new tax revenues, but have heard...
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Nov 6, 2012
11/12
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s if the fiscal cliff hits. the street.com's joe deaux joins us. one thing you may not be hearing late on election night is the m- word. mandate. it's tradition that the winners of an election claim to have the american people on their side. but if this election is as close as the polls predict, there will be no mandate for either side. darren gersh reports. >> reporter: unless all those polls are wrong and tomorrow brings a big surprise one way or another, this election will be the remembered as one of the closest in history. it could also end with both parties convinced the folks back home don't want them to compromise on key issues like taxes and fairness and the size of government. >> there is going to be enough room for both sides to claim that they have the mantle from the american public or that nobody does and i think that hurts the issues on the fiscal cliff. >> reporter: if the president prevails tomorrow, he will be one of the only incumbents to win re-election with fewer votes than he got in his first campaign for the white house. if ro
s if the fiscal cliff hits. the street.com's joe deaux joins us. one thing you may not be hearing late on election night is the m- word. mandate. it's tradition that the winners of an election claim to have the american people on their side. but if this election is as close as the polls predict, there will be no mandate for either side. darren gersh reports. >> reporter: unless all those polls are wrong and tomorrow brings a big surprise one way or another, this election will be the...
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Nov 20, 2012
11/12
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worst case scenario, where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which according to cbo and to our own analysis, would throw the economy into recession, i don't think the fed has the tools to offset that. and that's why it is important for congress to address these fiscal issues soon and in a bipartisan way, in a way that achieves the necessary long-term sustainability concerns, which i know you have talked about frequently, but also takes into account exactly this issue of how much restraint we will be experiencing in the next six months to a year from fiscal changes. >> [ inaudible ] >> you talked about the uncertainty of businesses because of all of the things that you also mentioned and that's impacting decisions on investment, et cetera. how much growth is being lost because of that do you anticipate? >> well, it's neither here nor there, but when i was a graduate student at -- 30 years ago, i wrote my dissertation on the question of how uncertainty affects investment spending. and i concluded that it's not a good thing. [ laughter ] and they gave m
worst case scenario, where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which according to cbo and to our own analysis, would throw the economy into recession, i don't think the fed has the tools to offset that. and that's why it is important for congress to address these fiscal issues soon and in a bipartisan way, in a way that achieves the necessary long-term sustainability concerns, which i know you have talked about frequently, but also takes into account exactly...
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Nov 23, 2012
11/12
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all americans: the fiscal cliff. >> tom: i'm tom hudson. massive spending cuts and tax hikes are set to hit the u.s. economy on january first. by most estimates if we go over the cliff, the u.s. onomy will plunge into recession. >> susie: we look at the impact of the coming cliff and whether congress and the white house can strike a deal. >> tom: that and more tonight on n.b.r.! it was the chairman of the federal reserve ben bernanke who first called it a fiscal cliff. he described the coming automatic cuts in government spending and increases in taxes as, quote, "a massive fiscal cliff," end quote. here's what he was describing: on january 1, 2013, tax breaks worth $416 billion will expire. spending on things like defense, medicare payments to doctors will be slashed by $65 billion. add it all up and you are talking about cutting roughly half a trillion dollars from the federal budget. the congressional budget office and others warn going over the cliff will send the economy into a recession in the first half of next year. it was congress
all americans: the fiscal cliff. >> tom: i'm tom hudson. massive spending cuts and tax hikes are set to hit the u.s. economy on january first. by most estimates if we go over the cliff, the u.s. onomy will plunge into recession. >> susie: we look at the impact of the coming cliff and whether congress and the white house can strike a deal. >> tom: that and more tonight on n.b.r.! it was the chairman of the federal reserve ben bernanke who first called it a fiscal cliff. he...
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Nov 30, 2012
11/12
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falls off the fiscal cliff. if the cliff is averted... >> then i think you will see silver, platinum, palladium-- the so-called white metals-- outperform gold, because they will tend to outperform in a risk-on environment in a cyclical upturn. >> reporter: now, the other scenario: >> in an environment where we go off the fiscal cliff and we see continued problems on the debt side for the u.s., i think the gold price outperforms the white metals. >> reporter: gold's price will also depend on whether central banks continue to diversify their holdings into gold, and whether they implement more quantitative easing to boost growth. the outlook for platinum is a little more complicated. there have been major supply disruptions due to labor unrest in south africa, which produces nearly all of the world's platinum. it also depends on demand. >> europe is a key part of the platinum demand picture. if europe can recover, certainly that's going to bode well for platinum demand. if the price trades higher, it may affect som
falls off the fiscal cliff. if the cliff is averted... >> then i think you will see silver, platinum, palladium-- the so-called white metals-- outperform gold, because they will tend to outperform in a risk-on environment in a cyclical upturn. >> reporter: now, the other scenario: >> in an environment where we go off the fiscal cliff and we see continued problems on the debt side for the u.s., i think the gold price outperforms the white metals. >> reporter: gold's price...
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Nov 10, 2012
11/12
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we'll talk more about the fiscal cliff. don't go away because business leaders are concerned about the timing as well. america renewed the president's contract. will congress get the message? >> last september i sent congress a detailed jobs plan full of the kind of bipartisan ideas that would have put more americans back to work. >> of course that will did not make it through congress. who creates jobs next? a jobs plan from washington or is it the private sector snr ? so, what happens if i'm in an accident and need to get my car fixed? progressive makes it easy, because we give you choices. you can pick where to get your car fixed, we can cut you a check, or, at our service center, we take care of everything for you. [ relaxing music playing ] [ chuckles ] -whew, so many choices. -take your time. -the service center. -okay. giving you choices -- now, that's progressive. call or click today. . >>> president obama is now a job creator. the economy has made up every job lost on his watch, but the jobs coming back aren't equa
we'll talk more about the fiscal cliff. don't go away because business leaders are concerned about the timing as well. america renewed the president's contract. will congress get the message? >> last september i sent congress a detailed jobs plan full of the kind of bipartisan ideas that would have put more americans back to work. >> of course that will did not make it through congress. who creates jobs next? a jobs plan from washington or is it the private sector snr ? so, what...
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Nov 19, 2012
11/12
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coming up, getting hit hardest from the fiscal cliff. we are teasing the rest of the fiscal cliff. the democrats think they have the edge in talks over the fiscal cliff. is that the case? a political panel is weighing in coming out. gerri: the notorious gridlock escalating with neither side budging over the fiscal cliff. >> we put revenue on the table. significant spending cuts. >> you can't get more options. gerri: a one-two punch, at the end of the year. will washington ever get its act together and what is at stake? bringing in our all-star panel. former campaign adviser to john mccain and doug shown also a fox news contributor. >> there might be a last-minute deal to sort of kick the can down the road and do framework for cutting spending and entitlements and tax reform. what i saw last week from the president and the congressional leadership doesn't give me optimism. gerri: i wanted to hear the president what the president had to say where he is traveling today. >> as president i cannot impose my will on congress. the congress of the united states, even though sometimes i wish
coming up, getting hit hardest from the fiscal cliff. we are teasing the rest of the fiscal cliff. the democrats think they have the edge in talks over the fiscal cliff. is that the case? a political panel is weighing in coming out. gerri: the notorious gridlock escalating with neither side budging over the fiscal cliff. >> we put revenue on the table. significant spending cuts. >> you can't get more options. gerri: a one-two punch, at the end of the year. will washington ever get...
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Nov 20, 2012
11/12
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you can't ignore the fiscal cliff entirely because most people think that if we go over the fiscal cliff, we go back into recession in 2013. does this worry you? >> well, no, because i think it's not going to happen. i don't mean to sound as if there's no chance of it happening. to me, this is not the thing to worry about. there are others. this, i think, is going to be resolved. there will be some grand bargain and we'll wake up and the dow will be at 500 points and it will be lovely. then we'll face over other difficulties. the fiscal cliff to me is not the thing. >> were you surprised that bernanke said, look, if we go over the fiscal cliff, we have though more tools? >> he really has no tools to fix a lot of what ails us. yet, they keep on trying. there has been qe-1, 2, 3. they're manipulating the curve of the yield. all these problems that would seem to be susceptible to mainly working, saving, repricing error, restructuring debts. instead, we have the great reign of fiat currency. the european central bank, the bank of japan, the bank of england. everyone is cranking and cranking.
you can't ignore the fiscal cliff entirely because most people think that if we go over the fiscal cliff, we go back into recession in 2013. does this worry you? >> well, no, because i think it's not going to happen. i don't mean to sound as if there's no chance of it happening. to me, this is not the thing to worry about. there are others. this, i think, is going to be resolved. there will be some grand bargain and we'll wake up and the dow will be at 500 points and it will be lovely....
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Nov 20, 2012
11/12
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FBC
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. >> in a worst-case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, don't think the fed has the tools to offset that. gerri: don't look at me, can't do anything if you can't avoid the fiscal cliff. what did you make of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes would likely quickly push the u.s. economy into a recession and there is nothing the fed can do to prevent that from happening. gerri: it seems to have unloaded everything they have, the economy has to come back on its own now. >> they can do with the bank of japan is now supposedly considering, resort to negative interest rate policy. consumers would be charged to keep money in savings accounts. that is one way getting people to spend, i don't think that is likely to happen anytime soon. gerri: i think that is just crazy talk to lots of viewers. but it is reality. instead of getting paid for putting your money someplace, which is the way it normally happens, instead you have to pay for the privilege. now why are people wi
. >> in a worst-case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, don't think the fed has the tools to offset that. gerri: don't look at me, can't do anything if you can't avoid the fiscal cliff. what did you make of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes would likely quickly push the u.s. economy into a recession and there is nothing the fed can do to prevent that from...
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Nov 14, 2012
11/12
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CNBC
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of the fiscal cliff negotiations. the president twice now referencing his own re-election, suggesting the american people voted here for a very specific set of outcomes. take a listen. >> if there's one thing that i'm pretty confident about, it's the american people understood what they were getting when they gave me this incredible privilege of being in office another four years. >> the president did take a hard line on extending the bush tax cuts. >> what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford and according to economists will have the least positive impact on our economy. perhaps the fieriest moment in all of this is in the discussion over libya. the president talking about u.n. ambassador susan rice, who's been criticized by senators mccain and graham up on capitol hill. the president said if mccain and graham want to go after somebody, they ought to go after me. take a listen to that as well. >> for them to go after the u.n. ambassador who had nothing to do with b
of the fiscal cliff negotiations. the president twice now referencing his own re-election, suggesting the american people voted here for a very specific set of outcomes. take a listen. >> if there's one thing that i'm pretty confident about, it's the american people understood what they were getting when they gave me this incredible privilege of being in office another four years. >> the president did take a hard line on extending the bush tax cuts. >> what i'm not going to do...
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137
Nov 17, 2012
11/12
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FOXNEWS
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eye 137
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gary k, the fiscal cliff is the grinch? >> unfortunately, it is, it's the most important time of the year, and the profits are made and the problem is simple. uncertainty, uncertainty, uncertainty. nobody knows where they are and nobody knows how much money thr they're going to have to spend and the outcome is worse. higher taxes and less money in the economy and less money to buy. retail no good. but, susan, actually the national retail federation is saying we should see increase in holiday sales like 4%? >> that's right, brenda and i'm still staying optimistic, two really important numbers at that came out this week, the university of michigan consumer confidence survey shows that it's at the highest level since july of 2007 and additionally, the expectations for the next six months are also at the the highest level in five years, despite the uncertainty, consumers are feeling pretty good and the word out of washington today, is a lot of trying to work together. >> well, gary b, actually, i mean, do you know what it means
gary k, the fiscal cliff is the grinch? >> unfortunately, it is, it's the most important time of the year, and the profits are made and the problem is simple. uncertainty, uncertainty, uncertainty. nobody knows where they are and nobody knows how much money thr they're going to have to spend and the outcome is worse. higher taxes and less money in the economy and less money to buy. retail no good. but, susan, actually the national retail federation is saying we should see increase in...
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Nov 29, 2012
11/12
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FBC
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on the fiscal cliff. melissa: phil, real quick what is going on with nat-gas? we're freezing here in the northeast. >> it is balmy outside what are you talking about? it is so warm. i'll tell you what, this goes to show you the incredible production that is happening. we see rig counts went up last week but they're down 45% on the year. we're so much more efficient producing gas. melissa: sure. >> it is building supplies and temperatures not as cold as advertised. melissa: phil, thanks so much. >> thank you. lori: phil sounds like he was screaming at someone. melissa: a little under the weather. we wish him well. lori: of course. groupon, was it just a fad? the future of groupon ceo andrew mason may be in jeopardy as the social website's board decides on the fate and strategy for the company. shibani joshi joins us with the latest on one struggling company, shibani. >> i have to tell you only one number investors care about when it comes to keeping management in place and the overall gross prospects of th
on the fiscal cliff. melissa: phil, real quick what is going on with nat-gas? we're freezing here in the northeast. >> it is balmy outside what are you talking about? it is so warm. i'll tell you what, this goes to show you the incredible production that is happening. we see rig counts went up last week but they're down 45% on the year. we're so much more efficient producing gas. melissa: sure. >> it is building supplies and temperatures not as cold as advertised. melissa: phil,...
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Nov 26, 2012
11/12
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CNBC
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of the fiscal cliff on the markets. why? >> first of all, i don't think we'll go over the cliff. i think it's a lower probability we will not rather than we will. here's where i think you need to position a portfolio strategy. i don't think the market is priced in if we go over the cliff. what you need to do is be in risk assets, if this makes sense, more defense risk assets. dividend payers, technology, even overseas, emerging markets. china looks like it's finally starting to recover because the bottom line is, even if we don't go over the fiscal cliff, we'll still have a very, very slow growth environment for a period of time. you have to hedge both sides. don't get too optimistic but don't escape from the market completely because you could miss a rally up. >> mary, this dominates trading, doesn't it, the discussion about fiscal cliff? how much is it driving averages on every given day? >> it does. if you read the notes, you talk to traders, it's one of the first things they talk about every day. any headline you se
of the fiscal cliff on the markets. why? >> first of all, i don't think we'll go over the cliff. i think it's a lower probability we will not rather than we will. here's where i think you need to position a portfolio strategy. i don't think the market is priced in if we go over the cliff. what you need to do is be in risk assets, if this makes sense, more defense risk assets. dividend payers, technology, even overseas, emerging markets. china looks like it's finally starting to recover...
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90
Nov 13, 2012
11/12
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KQED
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eye 90
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for the fiscal cliff. the utilities sector exchange traded fund has fallen off its own cliff this month. with today's 0.8% fall, the fund is down 6.7% since halloween. utility stocks tend to pay higher dividends, which attracted investors earlier in the year. but among the taxes scheduled to increase next year are taxes on dividends. another winning sector this year running into seller, home builders. the industry has rebuilt profits and growing sales thanks to record low interest rates and low inventory of homes for sales. d.r. horton is the largest home builder in the u.s., reporting its most profitable year since the housing bubble of 2006. fourth quarter earnings were two cents better than estimates, and almost triple from a year ago. as a sign of future sales, its order backlog of homes under contract was up 49% compared to last year. but none of that satisfied traders today. shares fell 5.8%. volume almost tripled. one area of concern for analysts was the lack of profit margin improvement even though
for the fiscal cliff. the utilities sector exchange traded fund has fallen off its own cliff this month. with today's 0.8% fall, the fund is down 6.7% since halloween. utility stocks tend to pay higher dividends, which attracted investors earlier in the year. but among the taxes scheduled to increase next year are taxes on dividends. another winning sector this year running into seller, home builders. the industry has rebuilt profits and growing sales thanks to record low interest rates and low...
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Nov 29, 2012
11/12
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KQED
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the fiscal cliff. with just 33 days left to nail down a deal, c.e.o.s made the rounds to explain to lawmakers that because of cliff gridlock, they're holding back on hiring and spending. as darren gersh reports, c.e.o.s weren't the only ones campaigning hard today. >> reporter: the president and republicans focused today on staging events designed to pressure the other side. the president called on americans to tweet, facebook and call members of congress to tell them to pass tax cuts for everyone making less that $250,000 a year. >> 97% of small businesses would not see their income tax go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. >> reporter: the speaker dismissed a call from a fellow republican to give the president what he wants, saying it's not good economics to raise tax rates on small businesses. >> going over the fiscal cliff will hurt our economy and hurt job creation in our country. this is not good for our country. it'
the fiscal cliff. with just 33 days left to nail down a deal, c.e.o.s made the rounds to explain to lawmakers that because of cliff gridlock, they're holding back on hiring and spending. as darren gersh reports, c.e.o.s weren't the only ones campaigning hard today. >> reporter: the president and republicans focused today on staging events designed to pressure the other side. the president called on americans to tweet, facebook and call members of congress to tell them to pass tax cuts for...
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160
Nov 13, 2012
11/12
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CNBC
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about the fiscal cliff? ceo duncan niederauer among the ceos in the fix the debt commission. he's later on the "closing bell." stay with us. i was downstairs making coffee, and we heard it. it just came crashing through the roof, out of nowhere. what is it? it's our ira. any idea what coulda caused this? maybe. i just sorta threw a little money here, a little money there. and i loaded up on something my dentist told me was hot. yeah. ♪ having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. >>> shares of activision a bit lower today despite the launch of what many believe will be the biggest video game of all time. namely "call of duty: black ops 2." julia boorstin is here with more. >> that's right. it's expected to be not only the biggest joid game of the holiday season but also the biggest video game of the entire year and
about the fiscal cliff? ceo duncan niederauer among the ceos in the fix the debt commission. he's later on the "closing bell." stay with us. i was downstairs making coffee, and we heard it. it just came crashing through the roof, out of nowhere. what is it? it's our ira. any idea what coulda caused this? maybe. i just sorta threw a little money here, a little money there. and i loaded up on something my dentist told me was hot. yeah. ♪ having you ship my gifts couldn't be easier....
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150
Nov 21, 2012
11/12
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KQEH
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eye 150
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the fiscal cliff. the index finished with a small gain. trading volume was lighter-- 641 million shares on the big board; under 1.6 billion on the nasdaq. the healthcare and financial sectors saw the best gains, up a half percent each. technology was the hardest hit, down six tenths of a percent. and that's because of the big drop in hewlett-packard. the stock was hit by its massive write-down, which we reported on earlier, and a disappointing outlook. shares fell 12%. volume was huge, more than six times normal. at $11.71 per share, this is h-p's lowest stock price since the mid-1990s. it has lost more than half its value we have a deeper dive into hewlett-packard's stock chart. it is on our web site, nbr.com. click on the "blogs" tab and look for michael kahn. h-p's outlook also hung over other companies that are big in the traditional computer market. semiconductor maker intel dropped 3.7% to a new 52-week low. intel has been criticized for being late to get more involved in the mobile computing mar
the fiscal cliff. the index finished with a small gain. trading volume was lighter-- 641 million shares on the big board; under 1.6 billion on the nasdaq. the healthcare and financial sectors saw the best gains, up a half percent each. technology was the hardest hit, down six tenths of a percent. and that's because of the big drop in hewlett-packard. the stock was hit by its massive write-down, which we reported on earlier, and a disappointing outlook. shares fell 12%. volume was huge, more...